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Cottonseed oil cake futures weaken as investors cut position

Press Trust of India  |  New Delhi 

softened by Rs 82 to Rs 8,855 per in futures trade today on cutting down of portfolios by investors, tracking a weak trend at the physical markets amid low export demand.

At the National Commodity and Derivative Exchange, oil cake for delivery in May drifted lower by Rs 82, or 0.92 per cent, to Rs 8,855 per with an open interest of 58,590 lots.

Similarly, the contract for delivery in April also moved fell by Rs 38, or 0.43 per cent, to Rs 8,810 per with an open interest of 685 lots.

Marketmen said apart from mounting stocks on consistent

supplies from growing regions, weakness in export demand at the spot markets also pulled down oil cake futures.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 12:30 IST